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  • MBS OPEN: Strengthening Early On

    by AQ on March 30 2009, 8:30 AM
    MBS opens strong as are spreads mixed and prices are moving higher... APRIL FN30 _____________________________ FN 4.0 -------->>>> +0-05 to 100-14 from 100-09 FN 4.5 -------->>>> +0-05 to 102-02 from 101-29 FN 5.0 -------->>>>...
  • MBS Weekly: Choppy Week Leaves MBS Slightly Better. Next Week Might Be OK Too!

    by Matthew Graham on March 27 2009, 5:52 PM
    Today was not a stellar conclusion for MBS as we fell back to more or less average levels for the week. Here is the entirety of today's action: As you can see, we ended more or less close to the lows of the day. Keep in mind that a lot of that weakness...
  • MBS UPDATE: After All That Commotion....

    by AQ on March 27 2009, 5:05 PM
    After all that mid-day commotion, caused by some post TSY auction/pre-weekend yield curve trade positioning, MBS closed flat on the day. Matt will be posting the end of week wrap.... APRIL FN30 _____________________________ FN 4.0 -------->>>>...
  • MBS UPDATE: 45 Minutes Left To Official Close, Tsy's and MBS Stabilizing

    by Matthew Graham on March 27 2009, 2:15 PM
    Still in the green today, but just barely after stocks, tsy's, and MBS all sold off a bit just after 12:30PM EDT. Since then, tsy's reversed their losses around 130pm, stocks about 2pm. MBS traded with tsy's also bottoming just after 130pm...
  • MBS ALERT: REPRICE FOR WORSE POSSIBLE

    by AQ on March 27 2009, 1:12 PM
    If you are considering locking your loans today and have been patiently waiting for investors to pass along intraday MBS gains to your rate sheets....you might want to consider locking in because the stack is selling off!
  • MBS AFTERNOON CHARTS: Who's Hungry?

    by Matthew Graham on March 27 2009, 12:47 PM
    Of course you've already seen one delicious2 day intraday chart, here's a more recent one with the 4% coupon. Yes, there are some lines on that chart. Yellow line on bottom is indicating a series of "higher lows" we've had since...
  • MBS MORNING: It is What It Is

    by AQ on March 27 2009, 11:12 AM
    MBS onward and upward so far this AM. Down in coupon bias at the moment...104/105 handles on fuller coupons are too expensive (absolute terms not relative) for MBS buyers APRIL FN30 _____________________________ FN 4.0 -------->>>> +0-08 to...
  • MBS OPEN: Slow and Steady

    by AQ on March 27 2009, 8:05 AM
    Happy Friday...this week went by fast! Mortgages closed the session in strengthening mode yesterday....we are seeing more of the same this morning. If history holds MBS market participants will be looking to take profits as MBS/TSY spreads tighten. This...
  • MBS UPDATE: Fed Purchases $33.15BN

    by AQ on March 26 2009, 3:20 PM
    Mortgages have given back some of their intraday gains as TSY yields have fallen and MBS/TSY spreads tightened. This is normal behavior and no reason to worry about a change in MBS sentiment....when spreads gap out a few ticks (32nds) buyers will return...
  • MBS UPDATE: TSY RESULTS

    by Matthew Graham on March 26 2009, 1:13 PM
    APRIL FN30 _____________________________ FN 4.0 -------->>>> +0-06 to 100-09 from 100-03 FN 4.5 -------->>>> +0-07 to 101-29 from 101-22 FN 5.0 -------->>>> +0-07 to 102-31 from 102-24 FN 5.5 -------->>>>...
  • MBS UPDATE: Hello Leo, My Old Friend

    by Matthew Graham on March 26 2009, 12:53 PM
    Why not dust off our Fibonacci retracements to see if we can find some support for previous suggestions that, in the midst of the fed-provided stability, MBS is wont to trade in a more technical pattern than normal. Here's a chart using the january...
  • MBS MORNING: Rate Sheet Considerations

    by AQ on March 26 2009, 10:35 AM
    The Federal Reserve was and remains the main source of liquidity for originators looking to find a willing buyer of their pipeline of loans (the loans you locked), although other market participants are beginning to aid the Fed's efforts as they lose...
  • MBS OPEN: Good Morning!

    by AQ on March 26 2009, 8:15 AM
    Good morning Mortgage world.... Mortgages are once again under some selling pressure this morning as TSY yields continued to rise overnight. Yesterday TSY yields reached the highest levels of the week following weak investor demand for 5 year notes. After...
  • MBS OP-ED: ARM Resets

    by Bill Berliner on March 25 2009, 5:23 PM
    It is interesting that after an initial downdraft, conforming fixed mortgage rates remain high relative to other rates (such as 10-year Treasury yields). Given the consolidation in the lending industry experienced over the past few years, loan pricing...
  • MBS ANNOUNCEMENT: A Treat For Readers

    by AQ on March 25 2009, 5:01 PM
    We are happy to announce that we are adding another educated and experienced perspective to our content line up.... In the process of publishing and moderating Mortgage News Daily we get the pleasure of observing some of the most informed and intellectual...
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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.25%
  • |
  • 15 Yr FRM 3.40%
  • |
  • Jumbo 30 Year Fixed 4.10%
MBS Prices:
  • 30YR FNMA 4.5 107-12 (-0-02)
  • |
  • 30YR FNMA 5.0 109-28 (-0-01)
  • |
  • 30YR FNMA 5.5 111-05 (-0-02)
Recent Housing Data:
  • Mortgage Apps -7.23%
  • |
  • Refinance Index -10.65%
  • |
  • FHFA Home Price Index 0.67%